Table 45 -In the Table Given Below, Which of the Following Statements

question 185

Multiple Choice

Table 4.5
$$\begin{array}{l}\text { Table } 4.5\\\begin{array} { | l | c | c | c | c | } \hline & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } & \text { Year 4 } \\\hline \text { Price } & \$ 2 & \$ 3 & \$ 4 & \$ 4 \\\hline \text { Quantity } & 1,000,000 & 200,000 & 1,000,000 & 2,000,000 \\\hline\end{array}\end{array}$$
-In the table given below, which of the following statements is true of the market for corn?

• A) In Year 1, there was an excess supply of corn in the economy.
• B) In Year 1, the corn market was not in equilibrium.
• C) The weather for corn production was probably better in Year 3 than in Year 2.
• D) Between Year 3 and Year 4, both the supply and demand for corn must have increased by the same amount.
• E) Between Year 2 and Year 3, the demand for corn decreased.

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Definitions:

Somnambulism

Also known as sleepwalking, it is a disorder that causes people to get up and walk while in a state of sleep.

Sleepwalking

A sleep disorder leading an individual to walk or engage in other complex behaviors while still mostly asleep, often without remembering the episode later.

Preschoolers

Children who are approximately 3 to 5 years old, often characterized by rapid development in language, motor skills, and social understanding.

24-hour Period

A full day; the time it takes for the Earth to complete one rotation on its axis, comprising day and night.